Affinity Looking for Chief Finance Officer (Saudi Construction) in SaudiArabia Full Time

Job Description
We are seeking to recruit on behalf of our client a CHIEF FINANCE OFFICER who will be based in SAUDI ARABIA on a long-term residential contract:-PurposeTo lead company and its affiliated companies- Financial activities including accounting, budgeting, financial control, financial reporting, treasury, insurance, taxation, mergers and acquisitions, and associated activities for the purpose of ensuring the Company?s financial objectives are properly met while ensuring alignment with Saudi financial regulations and accounting best practices.Also, to provide direction for information systems department.Experience/Qualifications?14+ years of experience in Finance field with a least 8 years of experience in an executive position?Bachelor?s degree in finance or equivalent is required.?Master?s degree in finance or equivalent is preferred.Duties & Responsibilities:?Review, validate and monitor Finance Division?s strategic and business plan.?Establish target setting goals and validate Finance Division?s scorecard.?Drive the Design of overall Finance Division?s strategy in coordination with relevant management reporting into the Finance Division?Support Finance Division business goals by providing input and guidance.?Oversee and facilitate the achievement of Finance Division?s strategy, objectives and KPIs.?Oversee Finance Division budgeting cycle and lead the budgeting process.?Direct overall operations effectively within budget, and report accurately on progress made and challenges encountered to relevant top management.?Formulate strategies that result in positive financial impact for Finance Division and mitigate financial and operational risks.?Prepare, submit, and justify budget enhancement requests to relevant top management.?Direct the development and implementation of Finance Division?s policies, systems, processes, procedures, and controls so that all relevant procedural/legislative requirements are fulfilled while delivering high quality and cost-effective results.?Promote a culture of innovation and continuous improvement through adapting to changes in international standards, changes in the business environment and adoption of leading practices within Finance Division?Oversee escalated non-compliance case resolution and reduce non-compliance through ensuring the availability and promotion of stipulated policies and procedures.?Work closely with the Chief Investment Officer to provide advice on proposed business activities and transactions such as mergers, acquisitions, investments, and capital expenditure to ensure financial viability.?Oversee financial analysis and due diligence of current identified business opportunities, mergers and acquisitions and advise on best actions.?Oversee the financial planning and budgeting activities of company including profitability and financial analysis to ensure accurate financial forecasting and transparency.?Monitor budgetary expenditures, assess budget modification, and increase requests, and escalation to concerned authority for sign-off.?Oversee development of cost metrics and financial KPIs and ensure financial performance results are assessed against financial plans and provide recommendations for improvement.?Lead strategic alliances with financial institutions in order to ensure external funding and financing.?Direct treasury activities of company including collection and treasury operations ensuring proper management of liquidity.?Guide the development of strategies for cash flow management, including short-term cash investment, cash reporting systems, and cash operations to ensure efficient and prudent cash flow operations.?Lead setting of company?s chart of accounts, oversee accounting operations including receivables, payables, and general ledger to ensure proper closing and reporting.?Direct the development of financial policies, systems, processes, and procedures to ensure the consistent application and ease of financial operations.?Compiles and presents the monthly Performance Reports and quarterly Management Information Reports, which includes, reviewing financial results compared to predetermined targets.?Ensure that all financial statements of the group are completed on a timely basis and comply with international Accounting and Financial reporting standards i.e. IFRS, and Saudi Arabian GAAP for statutory compliance, Group and company financial policies and standards.?Represent the Finance Division in committee meetings on a quarterly basis to provide updates on financial and budget related matters and discuss important financial matters (e.g. mergers, acquisitions, etc.)?Ensure proper tracking of project costs throughout project implementation, to ensure proper compliance of project costs with procurement contracts and internal control standards and interfere in case of major untreated breaches.?Ensure setting up and maintenance of a financial Enterprise Resource Planning (ERP) tool within company.
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